Sec. 2. The net proceeds of the benefit boxing shows shall constitute a trust fund to be known as the "Disabled Filipino Boxers Trust Fund" and shall be administered by a Board of Trustees, composed of the Chairman of the Games and Amusements Board, as chairman, and a representative of the Philippine Sportswriters Association and of the Philippine Boxing Association, as members.

Sec. 3. Subject to the rules and regulations as the Board of Trustees may from time to time promulgate, the trust fund shall be available for the benefit of poor and deserving disabled Filipino boxers.cralaw

Sec. 4. This Act shall take effect upon its approval.cralaw

Approved: June 18, 1955